Home Values

12516 Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

None

  • None 1-year change
  • None 1-year forecast

The median price of homes currently listed in 12516 is $254,000. The median rent price in 12516 is $2,500.

Foreclosures will be a factor impacting home values in the next several years. In 12516 7.8 homes are foreclosed (per 10,000). This is lower than the Copake Lake value of 135.0 and also greater than the national value of 4.3

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in 12516 is 9.4%, which is higher than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of 12516 homeowners underwater on their mortgage is 16.2%.

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Relative ZHVI
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12516 Market Overview

Data through Aug 31, 2014
  • No data ZHVI
  • No data 1-yr forecast
  • $254,000 Median listing price
  • No data Median sale price
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12516 Market Health

Data through Aug 31, 2014
  • No recent data
  • No data Average days on Zillow
  • 16.2% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 9.4% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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Nearby Zip Codes

Name Median ZHVI
06068 $431,000
06039 $429,400
01257 $268,100
Name Median ZHVI
12546 $215,300
12567 $209,800
 

Listings & Sales

Data through Aug 31, 2014
  • $185 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 33.8% Listings with price cut
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12516 Rentals

Data through Aug 31, 2014
  • Zillow Rent Index

  • $1,861 12516
    $1,328 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.8 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No recent data Rent list price
  • No recent data Rent list price / sq ft
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